Stocks...
Spu’s...2083-86 is resistance.
2048-54 is support and the closing downside pivot.
Nasd 100…4462 is resistance. 4390 needs to hold on a break.
DAX…11,250 is resistance and the closing upside pivot.
10,000 is support and the closing downside pivot.
WMT…put in an ORH day. This is one you can buy today with a 70.90 stop.
It’s not something that will go parabolic although the pattern is good for a bottom given it’s oversold and has broken 20% from it’s January high.
Bonds …
30 Yr. Bond…149.24 is today’s first resistance.
FX…
Follow the Bonds
Commodities…
Gold…macro pattern sell stops are @ 1165 have been elected. bears should use caution on price action back above this level.
General Comments or Valuable Insight
I’ve attached a cash S&P with a volatility profile. This chart has been a fairly good indicator of extremes for the S&P.
The day will be over early as the metals and the Dollar will be the early feature.
Follow the Bonds.
Higher rates should = a stronger dollar and weaker Gold.
Globex is open tonight and tomorrow for those still at it.
Everybody have a safe holiday weekend.
